Interchange fees for card-based payment transactions

Details

10 March 2015

Ian Hudghton (Greens/EFA) ‒ As with the mobile phone operators, the duopoly of Mastercard and Visa have had consumers over a barrel for years and have shown an unwillingness to charge fair fees. The EU is right to step in to legislate in this area and today's vote is a victory for Europe's consumers and SMEs.